Attorney Profile

Mr. Pourmorady takes pride in representing clients with the respect, compassion, personal attention, and diligence that they deserve. Mr. Pourmorady takes a personalized approach to representation and quickly and effectively responds to clients’ needs. Mr. Pourmorady believes in handling each case on his own, developing a case management plan with clients and responding directly to client questions. While other attorneys pass their responsibilities off to their paralegals yet still bill their clients the same hourly rate, Kourosh Pourmorady dedicates personal attention and care to each client. All legal case work is performed directly by Kourosh Pourmorady. His staff have been working with Mr. Pourmorady for more than a decade and are well trained in handling day to day activities of each case with Mr. Pourmorady’s supervision.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Lawyer Serving Los Angeles, California

If you struggle to pay your bills each month, your best option for tackling your debt may be a Chapter 7 bankruptcy. A Chapter 7 bankruptcy discharges your unsecured debts and allows you to start with a clean slate. Not everyone is eligible for a Chapter 7 bankruptcy, and a Chapter 7 bankruptcy might not be your best option, depending on your financial circumstances. An experienced bankruptcy attorney can help you assess your finances, explore your options, and choose the best course of action.

The Law Offices of Kourosh Pourmorady has over 47 combined years of experience with handling hundreds of Chapter 7 bankruptcy cases. Our law firm believes in personal, customized, and compassionate representation for underserved and vulnerable populations. We want to assist you with saving your home, your car, and your happiness. Call The Law Offices of Kourosh Pourmorady today at (866) 666-6529 to discover how a Chapter 7 bankruptcy can help you start fresh. We serve clients in the greater Los Angeles and surrounding areas.

Eligibility for Chapter 7 Bankruptcy

Chapter 7 bankruptcy is governed by the federal Bankruptcy Code. The Bankruptcy Code outlines strict requirements for Chapter 7 eligibility. Chapter 7 is open to both individuals and businesses.

The Means Test for individuals is used to determine whether their income qualifies them for Chapter 7, regardless of their debt level. The Means Test will assess your income and the value of your assets to determine your ability to pay your debts. If your income is below the threshold, you will be permitted to file for Chapter 7 bankruptcy. If your income is above the threshold, another form of bankruptcy such as Chapter 13 may be more suitable to your needs.

A filing under Chapter 7 requires that the debtor first undergo credit counseling within the 180 days preceding the filing. If the debtor develops a debt management plan with the credit counselor, it must be filed with the Chapter 7 petition.

In addition, if, in the past 180 days, you have previously filed and voluntarily dismissed a bankruptcy petition or if you previously filed for bankruptcy but failed to appear for a hearing, you must wait before filing under Chapter 7.

What Debts Can Be Discharged under Chapter 7?

Only individual debtors are eligible for discharged debts. In addition, usually only unsecured debt can be discharged. Unsecured debt is not tied to any assets, and typically includes:

Personal loans

401k loans

Payday loans

Credit cards

Medical bills

Student loans*

Taxes owed to the government

Cellphone, internet, and cable bills

Rent payments

Child support payments

*However, not all unsecured debt can be discharged without extenuating circumstances. This includes student loans, child support payments, and criminal restitution.

Secured debts are debts that are secured by an asset. For instance, a home mortgage is secured by your house. If you default on your mortgage, the bank can foreclose on the home and reclaim it. Some secured creditors may attempt to seize the secured property during a Chapter 7 bankruptcy. Your primary home and your primary car, if necessary to drive to work, will be protected from seizure. However, other assets tied to debt can be seized, such as boats.

In addition, you may be forced to liquidate some of your assets in order to help satisfy some of your debts. Thus, if you have a valuable baseball card collection, you will be unable to keep the collection following the bankruptcy. You will be forced to disclose the collection and its value to creditors at the onset of your case. Anything that is not essential may be seized or liquidated with proceeds going to creditors.

If you do wish to keep a home or car that you have a loan on, Chapter 7 bankruptcy will permit you to retain this property and remain in payment. This debt will not be discharged. Rather you will continue to make timely payments as agreed in order to keep the property.

Call Now for Chapter 7 Legal Assistance

If you believe Chapter 7 is right for you, contact The Law Offices of Kourosh Pourmorady today at (866) 666-6529 for a free initial case review. Our attorneys can help you determine if your income satisfies the means test, explain the bankruptcy process, and gather the correct materials for filing.

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Testimonials

Excellent Attorney

From the day i walked in his office, until my case was settled. I knew he was the right attorney for me. We had a free consultation, spoke with honesty and in the end all ended well. I would recommend this Attorney to anyone who seeks a fair settlement.
Source: Posted by martinsolo on Yellow Pages

Real Estate Attorney

Mr. Pourmorady was my Attorney. He handled my case for about 3 years. He was on top of things and always kept me up to date with my case. I am very happy with his services and would recommend him to any friends or family.
Source: Posted by Jose Duron on Avvo

Best Bankruptcy Lawyer in Los Angeles

Mr. Pourmorady is a very patient and caring attorney. He explained to me in detail the process of bankruptcy and how I can save my home. I was very satisfied with his services i.e. of Huntington Beach.
Source Posted by IRENE on Avvo

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